Vancouver , Canada (ots/PRNewswire)
- Oremex Resources Inc.
(TSX-V: ORM) (the "Company") today announced that, at a meeting of
the Ejido (local village and surrounding lands) on Sunday, February
25, the Ejido authority elected not to renew the Company's surface
access permit for the Tejamen Silver Property. While continuing to
work with the Ejido in ongoing attempts to secure access to the
surface rights, the Company is now initiating formal proceedings
under applicable Mexican law to secure access to surface rights. A
further news release will be issued as details become available.
The Company also announced that it has completed the final buyout
of the underlying owner, Mrs. Jarvis, for the mineral concessions in
its property portfolio including its Tejamen Silver Property, part
of the San Lucas Property, and three other property interests. There
are no ongoing obligations or residual royalties payable to, or net
profit interests retained by, the former owner of the mineral
The Company is conducting a 5,000-metre drill program at its San
Lucas Property, testing extensions down dip and along trend of
mineralization. A 3,000-metre drill program completed in 2005
outlined gold-silver-lead-zinc mineralization over a strike length
of 2 kilometres with widths up to 70 metres in a trend mapped for
over 4 kilometres.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Forward-Looking Statements: The above contains forward-looking
statements that are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those anticipated in our forward-looking
statements. Factors that could cause such differences include:
changes in world commodity markets, equity markets, costs and supply
of materials relevant to the mining industry, change in government
and changes to regulations affecting the mining industry.
Forward-looking statements in this release include statements
regarding future exploration programs, operation plans, geological
interpretations, mineral tenure issues and mineral recovery
processes. Although we believe the expectations reflected in our
forward- looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance or
ots Originaltext: Oremex Resources Inc.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-604-683-5651, E: firstname.lastname@example.org